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Infineon Technologies AG (Germany) and CREE Inc. (US) are the Top 2 Players in the Silicon Carbide Market

The silicon carbide (SiC) market is expected to reach USD 617.4 Million by 2022, at a CAGR of 17.4% between 2017 and 2022. The key opportunity for this market is the emerging demand for electric vehicles and increasing utilization of power semiconductor technology in renewable energy generation. The drivers for this market is the ability of SiC devices in the semiconductor to perform at high temperature and high voltage and power, increasing demand for motor drives, ability to reduce overall system size, and increasing application of SiC in radio frequency (RF) devices and cellular base station.

Infineon Technologies AG (Germany) is one of the major semiconductor manufacturer and suppliers to the silicon carbide device market. Infineon Technologies AG primarily focuses on product development as the key growth strategy. The recent early penetration into the 5G cellular infrastructure with its innovative RF power technology is the key illustration depicting their product development strategy to diversify the application area of the SiC-based product line. Furthermore, the company also focuses on product launch with its technologically advanced R&D centers located across the globe. In addition, Infineon technologies AG also focuses on the inorganic growth to increase their product offerings and penetrate in the new application area. For instance, Infineon acquired Innoluce BV in October 2016 primarily to increase its product portfolio and knowledge in the automotive lidar system for self-driving vehicles.

CREE Inc. (US) is also one of the leading companies that manufactures and supplies silicon carbide devices since the last decade, through its wholly owned subsidiary-Wolfspeed (US). Wolfspeed focuses heavily on product development with its highly-focused R&D capabilities to capture sizable market share. The company has the capability to offer SiC-based components across the semiconductor industry, in almost all possible applications. This is one of the company’s key strategies to hold its position in the market. The latest innovations from Wolfspeed include 1,200 V MOSFET, which is used in high-power applications.